Wingstop Inc. (NASDAQ:WING) Stake Boosted by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Wingstop Inc. (NASDAQ:WING) by 6.6% in the 3rd quarter, Holdings Channel reports. The firm owned 13,269 shares of the restaurant operator’s stock after acquiring an additional 822 shares during the quarter. Natixis Advisors LLC’s holdings in Wingstop were worth $5,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in WING. Acadian Asset Management LLC grew its holdings in shares of Wingstop by 94.7% during the first quarter. Acadian Asset Management LLC now owns 2,303 shares of the restaurant operator’s stock valued at $842,000 after purchasing an additional 1,120 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Wingstop by 27.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,723 shares of the restaurant operator’s stock worth $631,000 after buying an additional 369 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Wingstop by 23.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,063 shares of the restaurant operator’s stock worth $7,342,000 after buying an additional 3,848 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Wingstop by 16.8% in the 1st quarter. Advisors Asset Management Inc. now owns 4,499 shares of the restaurant operator’s stock worth $1,648,000 after buying an additional 647 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Wingstop by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after buying an additional 101,917 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WING. Wedbush reissued an “outperform” rating and issued a $390.00 price objective on shares of Wingstop in a report on Tuesday, November 5th. Stephens decreased their price objective on Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Piper Sandler decreased their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Barclays decreased their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $337.60 on Friday. Wingstop Inc. has a one year low of $229.27 and a one year high of $433.86. The stock has a fifty day moving average of $372.44 and a 200-day moving average of $382.99. The company has a market capitalization of $9.86 billion, a PE ratio of 98.43, a price-to-earnings-growth ratio of 3.13 and a beta of 1.76.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The business had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. Wingstop’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, research analysts forecast that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. Wingstop’s payout ratio is currently 31.49%.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.